NAIC budget at $93.2 million for 2014, up 3.68%

October 18, 2013 by Elizabeth Festa

The new budget is in. The National Association of Insurance Commissioners (NAIC) 2014 proposed budget includes total revenues of $93.2 million, including $3.8 million in investment income and total expenses of $91.8 million, which represents a 3.68 percent and 3.87 percent increase, respectively, from the 2013 budget.

It is expected to exceed the 2013 budget by $7.3 million.

The proposed operating revenue  budget is expected to be $89.5 million, 2 percent higher than the 2013 budget but 1.5 percent less than the 2013 projection. Click here to read…

Originally Posted at LifeHealthPro on October 17, 2013 by Elizabeth Festa.